Stock Market & Financial Investment News

L'Oreal buys back 8% of its stock from Nestle, Bloomberg saysL’Oreal (LRLCY) agreed to buy back 8% of its stock from Nestle (NSRGY), which marks the first sale of the shares by the Swiss company, reported Bloomberg. L’Oreal and Nestle began a partnership in 1974 and Nestle will still own 23.3% of L’Oreal after the sale. Reference Link